DKK correspondent banking: who clears the Danish krone

Tracing a DKK chain

Each instruction names the institution holding that bank's DKK account. Following those links repeatedly ends at a bank that publishes no onward DKK instruction — the ultimate clearer, with direct access to Kronos2. That is where the money actually settles before moving inwards to the beneficiary.

Who clears DKK payments?

DKK settles through Kronos2. Banks without direct access hold a nostro account with a correspondent that has it, so a DKK payment reaches the beneficiary by settling at that correspondent first and moving inwards. In the current dataset 376 distinct institutions act as DKK correspondents.

How concentrated is DKK clearing?

The three largest DKK correspondents between them serve about 34% of the banks that publish a DKK instruction. Concentration matters because the withdrawal of one correspondent can affect a large number of respondent banks at once.

How do I find a bank's DKK correspondent?

Search the bank's BIC, select DKK, and the chain resolves hop by hop to the institution that clears the currency, including the nostro account number on each relationship.